Shares of Credit Suisse Group AG (NYSE:CS) were down 3.4% during mid-day trading on Thursday . The company traded as low as $11.01 and last traded at $11.23, with a volume of 5,054,693 shares traded. The stock had previously closed at $11.63.

A number of analysts have recently issued reports on CS shares. BNP Paribas lowered Credit Suisse Group AG from a “neutral” rating to an “underperform” rating in a research report on Tuesday, April 5th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Credit Suisse Group AG in a research report on Monday, April 11th. Bank of America Corp. raised Credit Suisse Group AG from an “underperform” rating to a “neutral” rating in a research report on Friday, May 20th. Barclays PLC lowered Credit Suisse Group AG from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $19.00 to $14.00 in a report on Thursday, June 9th. Finally, Keefe, Bruyette & Woods lowered Credit Suisse Group AG from an “outperform” rating to a “market perform” rating in a report on Monday, June 13th. Six equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $17.28.

The company’s market capitalization is $24.57 billion. The company’s 50-day moving average price is $11.49 and its 200 day moving average price is $13.97.

Credit Suisse Group AG (NYSE:CS) last issued its quarterly earnings data on Tuesday, May 10th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.08) by $0.07. The company had revenue of $4.75 billion for the quarter, compared to analysts’ expectations of $24.24 billion. During the same period in the previous year, the company earned $0.79 EPS. The company’s quarterly revenue was down 26.6% compared to the same quarter last year. Analysts predict that Credit Suisse Group AG will post $0.64 EPS for the current year.

Other large investors have recently added to or reduced their stakes in the company. Brandes Investment Partners LP boosted its stake in Credit Suisse Group AG by 121.4% in the fourth quarter. Brandes Investment Partners LP now owns 2,949,132 shares of the company’s stock worth $63,967,000 after buying an additional 1,617,311 shares during the period. Wells Fargo & Company MN boosted its stake in Credit Suisse Group AG by 141.9% in the fourth quarter. Wells Fargo & Company MN now owns 914,026 shares of the company’s stock worth $19,825,000 after buying an additional 536,219 shares during the period. Finally, Comerica Bank boosted its stake in Credit Suisse Group AG by 19.3% in the fourth quarter. Comerica Bank now owns 105,395 shares of the company’s stock worth $2,064,000 after buying an additional 17,086 shares during the period.

Credit Suisse Group AG (Credit Suisse) is a global financial services company. The Company operates in three segments: Private Banking & Wealth Management and Investment Banking. Private Banking & Wealth Management offers advice and a range of financial solutions to private, corporate and institutional clients.

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